The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will extend the valuation of New Oriental-S (09901) from the 2026 fiscal year ending at the end of May to the 2027 calendar year to match the bank's other covered shares. As a result, the target price was raised from HK$50 to HK$55, maintaining a “buy” rating. New Oriental recently announced fourth quarter results. The bank raised the company's revenue forecast for the 2027-2028 fiscal year by 3-4%, mainly due to the higher revenue of Oriental Selection (01797), but lowered the adjusted earnings per share forecast by 4% to reflect that the company's implementation of the shareholder return plan will incur higher withholding tax expenses.

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